It's been a month since we last looked at FunFair (FUNBTC) and things are playing out just like they should... Higher highs and higher lows... We will have strong periods of growth followed by long retraces and boring consolidation to end up with a new high followed by a new higher low... This is an uptrend.
Previous chart:
Now, we can see the channel drawn with purple lines, the lower part of the channel has been touched which means that the upper side can be challenged... Still, charts are always changing and we switch our positions from bullish to bearish if prices for FUNBTC move lower and close below 30 satoshis... Remember to have a plan and strategy in place before you trade.
Namaste.
Previous chart:
Now, we can see the channel drawn with purple lines, the lower part of the channel has been touched which means that the upper side can be challenged... Still, charts are always changing and we switch our positions from bullish to bearish if prices for FUNBTC move lower and close below 30 satoshis... Remember to have a plan and strategy in place before you trade.
Namaste.
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